MNI BRIEF: Caixin Apr Manufacturing PMI Hits Over One-year High

MNI BRIEF: China April Mfg. PMI Moderates To 50.4

MNI BRIEF: Aussie Retail Sales Fall 0.4% M/M In March

MNI: PBOC Net Injects CNY438 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1063 Tues; -4.47% Y/Y

CHINA PBOC INJECTS CNY440 BILLION VIA 7-DAY REVERSE REPOS TUES

INDON Sov Curve Flatter, IDR Bond Auction, Microsoft AI Investment

MNI: FRANCE Q1 FLASH GDP +0.2% Q/Q, +1.1% Y/Y

MNI: FRANCE MAR CONSUMER SPENDING +0.4% M/M, +0.5% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Fed’s Beige Book Points To ‘Modest Growth’

(MNI) WASHINGTON

U.S. economic growth has been modest since mid-July while hiring and inflation have softened, the Federal Reserve’s Beige Book report published Wednesday showed.

“Contacts from most Districts indicated economic growth was modest during July and August,” the report said. “Job growth was subdued across the nation. Though hiring slowed, most districts indicated imbalances persisted in the labor market as the availability of skilled workers and the number of applicants remained constrained.”

The Fed said most of its districts reported price growth slowed overall and inflation decelerated faster in manufacturing and consumer goods sectors.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USDataPolicy NewsCentral Bank NewsHomepageFederal ReserveData BriefNorth AmericaData StoriesBriefStoryRegion
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USDataPolicy NewsCentral Bank NewsHomepageFederal ReserveData BriefNorth AmericaData StoriesBriefStoryRegion

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.